Author Topic: Case Study Spreadsheet, Would you check my simple inputs?  (Read 141 times)

BTDretire

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Case Study Spreadsheet, Would you check my simple inputs?
« on: July 15, 2020, 06:38:04 AM »
Hi all,
MDM has been very helpful, but, I want to spare him from any more of my novice questions.
 I'm doing tax planning, We are retired. I can adjust the amounts in each category of assets I liquidate before the end of the year. (LTCGs or tIRA)
 I want to take LTCGs at 0% and do Roth conversions at 10%.
Here are the numbers to enter.
Line 25D- Qualified Dividends $6,500
Line 27D- LTCGs $70,000
Line 31D- tIRA Distributions $37,700
Line 45D-  HSA $8100
Line 2G - MFJ =2
Line 8G- Adult#1  65
Line 8H- Adult #2 61
Line 17G- 1040 Tax $350

 With these numbers, it seems that any additional $100 increase in LTCGs results in a $15 additional tax and  $100 increase in tIRA Distributions results in $25 additional tax. While decreasing LTCGs $100, results in no change in the tax due, and decreasing tIRA distributions $100, results in a $10 decrease in tax due.
 First, do you agree with my conclusion?
Second,  Is there any way to take more Roth conversions, at 10% tax?
Third, Is there any reason to take more LTCGs, since next year I can take them at 0%?
                           Thank you very much to anyone that verifies my data.

BTDretire

  • Magnum Stache
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  • Posts: 3078
Re: Case Study Spreadsheet, Would you check my simple inputs?
« Reply #1 on: July 15, 2020, 06:17:12 PM »
Has anyone here used the CSS?
 Bump.